ETH Update! - Large Triangle Breakout!
This is an update on the long term triangle we identified four days ago.
You can read it here - ETH/USD Long Term Triangle Update (Long!)
Ethereum had a bullish Breakout this morning and is now testing the resistance level at $393. Ethereums Relative Strength Index (RSI) is riding along the 75 mark, which is usually a signal that it has been over-bought. Ethereum will probably consolidate around the $393 to $410 marks, and test new highs!
When we first spotted the pattern, ETH was riding along the $340 mark and our target price was $393 with expectations of it testing new highs at the $420 resistance line. Our target has been met! That's a 22% profit in just 4 days!
Let me know how you did in the comments below and which cryptos you would like me to analyze in the future!
I wish you massive profits in all your trades,
CryptoTA
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.